Riyadh – Mubasher: SNB Capital, the fund manager of Al Ahli REIT Fund 1, released its quarterly statement for the period that ended on 30 September 2026, reporting a net income of SAR 48.22 million.
The fund’s total income for the first nine months (9M) of 2026 reached SAR 173.18 million, while operating income stood at SAR 101.41 million.
The fund's total asset value was recorded at SAR 1.98 billion, with total liabilities amounting to SAR 847.96 million.
Net asset value (NAV) at the end of the third quarter was SAR 1.14 billion.
On a per-unit basis, the book value stood at SAR 8.26, while the market value per unit was SAR 10.30. The market price of the unit as of 30 September 2026 was SAR 6.04.
Financial indicators showed a debt-to-total assets ratio of 37.47%, with total drawn loans representing 97.83% of available credit.
The fund manager confirmed that the ratio of net rental income to market value reached 16.28%.
Occupancy rates across the portfolio remained robust, with Alandalus Mall and Staybridge Suites Jeddah Alandalus Enclave at 99%, and Cubic Plaza at 100%.
Salama Tower and the hotel asset reported occupancy levels of 86% and 73%, respectively.
At the end of June 2026, total assets for the fund stood at SAR 2.01 billion, while total liabilities reached SAR 854.84 million.
